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Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit Asam Transpacific Railway from the Rajawali Group, a company executive said.
“By increasing ownership in the railway company, we expect to have an additional 25 million tons of transport capacity for our coal,” Achmad Sudarto, corporate secretary of Tambang Batubara Bukit Asam, said in an interview with the Jakarta Globe.
Bukit Asam has an option to buy an additional 20 percent stake in Transpacific, he said. It currently holds a 10 percent stake in the railway.
“We are planning to buy the stake from the Rajawali Group, and we will use our internal funds to finance the purchase,” he said, adding that Bukit Asam would need $320 million to buy the additional 20 percent.
However, Bukit Asam’s president director, Sukrisno, told Bisnis Indonesia on Monday that the company would seek $272 million in bank loans to fund the purchase, a Bloomberg report said.
Bukit Asam Transpacific is 80 percent controlled by Transpacific Railway Infrastructure, a corporation owned by the Rajawali Group. The remaining 10 percent is owned by the China Railway Engineering Corporation.
The railway company plans to build a 307-kilometer rail line from Tanjung Enim in South Sumatra to Bandar Lampung in Lampung. Bukit Asam has a coal mine in Tanjung Enim.
Rajawali Group representatives were not immediately available for comment.
Ibrahim, a senior commodities analyst for Askap Futures, said bad winter weather in Europe and the United States had pushed oil prices higher and had also affected coal prices since many people use coal for energy.
“Coal prices will continue to increase in the first half of 2011, at least until the bad weather in Europe and America ends,” he said.
Bukit Asam forecast its coal sales would reach 14 million tons by the end of 2010. It sold 9.8 million tons of coal in the first nine months of last year, 12 percent higher than the 8.7 million tons it sold the first nine months of 2009, the company said in November.
The company signed a head of agreement in August to develop a coal train railroad and a coal terminal with Adani Global, an Indian company, and the South Sumatra provincial government. The HoA covers developing railroads for coal-carrying trains from Tanjung Enim to Samutra Tanjung Api-Api Harbo
Source: The Jakarta Globe
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Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
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